|[June 01, 2011]
Philips Lumileds and Future Electronics Extend Worldwide Exclusive Agreement
SAN JOSE, Calif. --(Business Wire)--
Philips (News - Alert) Lumileds and Future Electronics today announced the extension of
their exclusive worldwide distribution relationship. The new five-year
agreement builds on the decade long relationship that has enabled the
development of solid-state lighting solutions worldwide.
"Our exclusive partnership with Philips Lumileds has provided our
customers with access to the world's leading portfolio of LEDs for
illumination-LUXEON. Our investment in resources, training, design
tools, and best-in-class supply chain capabilities has enabled us to
become the service leader in the solid-state lighting industry," said
Jamie Singerman, Corporate Vice-President, Future Lighting Solutions.
"Future Lighting Solutions has proven over the last decade that with
LUXEON LEDs, highly trained LED solution engineers, and the core
services of a global solutions provider, they are well positioned to
support and enable the growing number of companies that want to enter
the solid-state lighting industry," said Steve Barlow, Sr. Vice
President of Sales and Marketing at Philips Lumileds.
Complete information about LUXEON LEDs, complementary infrastructure and
solution approaches for illumination can be found at the Future Lighting
Solutions website, www.futurelghtingsolutions.com.
Information about Philips Lumileds and LUXEON LEDs can be found at www.philipslumileds.com.
About Philips Lumileds
Philips Lumileds is a leading provider of LEDs for illumination
solutions. The company's leading quality of light, light output,
efficacy and thermal management are direct results of the ongoing
commitment to advancing solid-state lighting technology and enabling
lighting solutions that are more environmentally friendly, help reduce CO2
emissions and reduce the need for power plant expansion. Philips
Lumileds' LUXEON LEDs are enabling new solutions for shop, outdoor,
office, school, and home lighting applications. More information about
the company's LUXEON LED products and solid-state lighting technologies
can be found at www.philipslumileds.com.
About Future Lighting Solutions
Future Lighting Solutions (www.futurelightingsolutions.com)
is a leading provider of LED lighting total solution components and
support services for solid-state lighting products and installations,
including engineering expertise, concept development, full system
solutions and more than 25 different online tools that accelerate
quality application development. The company is a division of Future
About Royal Philips Electronics (News - Alert)
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a
diversified health and well-being company, focused on improving people's
lives through timely innovations. As a world leader in healthcare,
lifestyle and lighting, Philips integrates technologies and design into
people-centric solutions, based on fundamental customer insights and the
brand promise of "sense and simplicity". Headquartered in the
Netherlands, Philips employs about 117,000 employees with sales and
services in more than 100 countries worldwide. With sales of EUR 22.3
billion in 2010, the company is a market leader in cardiac care, acute
care and home healthcare, energy efficient lighting solutions and new
lighting applications, as well as lifestyle products for personal
well-being and pleasure with strong leadership positions in male shaving
and grooming, portable entertainment and oral healthcare.
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